Worthington Industries Inc has announced net sales of USD 570.4 million and net earnings of USD 18.5 million or USD 0.27 per share for its fiscal 2012 second quarter ended November 30th 2011. In last year's second quarter, the company reported net sales of USD 580.7 million and net earnings of USD 14.5 million or USD 0.20 per share.
Financial highlights for the current and comparative periods are as follows:
| Item | Q2 '12 | Q2 '11 | Change |
| Net sales | 570.4 | 580.7 | -1.8 |
| Operating income | 12.5 | 12.9 | -3.1 |
| Equity income | 21.9 | 16.2 | 35.2 |
| Net earnings | 18.5 | 14.5 | 27.6 |
In USD millions, except per share data
| Item | H1 '12 | H1 '11 | Change |
| Net sales | 1,172.8 | 1,197.5 | -2.1 |
| Operating income | 33.7 | 34 | -0.9 |
| Equity income | 46.6 | 34.5 | 35.1 |
| Net earnings | 44.2 | 36.8 | 20.1 |
In USD millions, except per share data
Mr John McConnell chairman & CEO of Worthington Industries Inc said that "Our second quarter results were very good, showing solid incremental growth. The Steel Processing and Pressure Cylinders businesses nearly made up for the lost revenue from the exiting of the Metal Framing business in the year to year comparison. Worthington Cylinders is strengthening its portfolio and global footprint to achieve our strategic growth goals for that business."
He added that "We are pleased with the speed of integration in the Cylinders' acquisitions of the BernzOmatic® and Coleman® product lines, as well as the recent addition of STAKO and their strong European market position in LPG tanks. Strengthening automotive demand and continued operating improvements produced good results in Steel Processing."
